To educate policy holders and financial advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. To advance the highest standards of practice for the industry.
A life insurance policy is an asset. It can be sold or "settled" in a regulated transaction. The policy owner transfers ownership of the policy to the buyer.
Transparency is a key part of life settlement regulations around the nation. Ninety percent of the US population are protected under comprehensive life settlement laws.